• About
  • Contact
  • Donate/Support
  • Subscribe
Mansa Banko Online
Advertisement
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism
No Result
View All Result
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism
No Result
View All Result
Mansa Banko Online
No Result
View All Result
Home Business

1.7 Billion Adults are without Account

M.E Njie by M.E Njie
November 28, 2019
in Business
0
1.7 Billion Adults are without Account
0
SHARES
82
VIEWS
Share on FacebookShare on Twitter

By Bakary Touray Jr.

The First Deputy Governor of the Central Bank of The Gambia, Dr. Seeku Jabbi, has said that as of 2017, 1.7 billion adults globally did not have account at a formal financial institution or a mobile money provider.
Dr. Jabbie said this during the official launching of the national Finscope survey 2019 at a local hotel in Senegambia.

“While this has improved since 2014, when 2 billion people were classified as “unbanked”, it still represents a huge mountain to climb with large proportion of these financially excluded found in Sub-Saharan Africa largely women and youths,” the First Deputy Governor of the country’s apex bank, disclosed.

He noted that financial inclusion has, therefore, become a major subject of great interest for policy makers, regulators, development partners, researchers and market practitioners.

Dr. Jabbi indicated that, cognizant of the impact of Financial Inclusion on Development and in line with its National Development Plan, The Gambia with the help of UNCDF’s Jobs, Skills and Finance Program has embarked on the design of a National Financial Inclusion Strategy (NFIS.)

The objectives of increasing access and usage of quality affordable digital financial services that will enhance poverty alleviation and spur inclusive growth and development and the development of the NFIS is aligned to the main strategic pillars of the country’s National Development Plan 2018-2021.

The CBG First Deputy Governor said it’s aligned with the NDP in the areas of stabilizing, stimulating growth and transforming the economy, making the private sector the engine of growth, transformation and job creation, with the ultimate objective of reaping the demographic dividend through gender and youth empowerment.

The veteran economist cataogued that the NFIS is envisaged among other things, to end poverty in all its forms, including the promotion of social protection system, decent employment and building the resilience of the poor, achieving gender equality and the empowerment of women and girls, promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all, build resilient infrastructures, promote inclusive and sustainable industrialization and foster innovation.

He continued: “Given the limited access to finance in The Gambia, there is a need to develop a comprehensive and inclusive strategy to accelerate the level of financial inclusion. This strategy requires evidence based policies which are going to be provided, thanks to Finscope survey”.

Dr. Jabbi held:“I have no doubt that it will help build regulatory and legal reforms, but also taking initiatives at broader stakeholders level to make formal financial services Available, Accessible and Affordable to the majority of the population in a timely and sustainable manner”.

Tags: AccountCentral Bank of The GambiaFinanceFinscopeFirst Deputy GovernorJobskillsUNCDF
Previous Post

Rural finance in Sierra Leone strengthened by IFAD projects – new report

Next Post

Poultry farmer frowns at Importation of poultry products

M.E Njie

M.E Njie

Mamadou Edrisa Njie is the Publisher and Managing Editor of Mansa Banko Online. Mansa Banko Online is a Gambia-based online newspaper focusing on agricultural reporting. The online medium reports on quality, reliable, factual and authoritative information. Mr. Njie is an alumna of the International Institute for Journalism (IIJ) in Germany and studied Mass Communication at the Institute of Professional Administration and Management (IPAM) in Banjul, The Gambia.

Related Posts

Afrijula- A Digital Tool Empowering Entrepreneurs in The Gambia
Business

Afrijula- A Digital Tool Empowering Entrepreneurs in The Gambia

by Press Release
August 31, 2023
Nioro Jattaba Senior School Teacher Diversifies Income with Poultry Farm
Business

Nioro Jattaba Senior School Teacher Diversifies Income with Poultry Farm

by Freelance
July 25, 2023
FARD’s Agriculture and Environment Secretary Wins Prestigious Women Agriprenuers of the Year Awards (WAYA 2022)
Business

FARD’s Agriculture and Environment Secretary Wins Prestigious Women Agriprenuers of the Year Awards (WAYA 2022)

by Press Release
September 8, 2022
GYIN-ITC Partnership: 40 Youth Poulterers, Apiculturists Complete Digital Marketing Training
Business

GYIN-ITC Partnership: 40 Youth Poulterers, Apiculturists Complete Digital Marketing Training

by Yero S. Bah
April 13, 2022
GAIN Investment Manager Barry on  Limited Investment-Readiness in Gambia
Business

GAIN Investment Manager Barry on Limited Investment-Readiness in Gambia

by Yero S. Bah
April 9, 2022
Next Post
Poultry farmer frowns at Importation of poultry products

Poultry farmer frowns at Importation of poultry products

Latest Post

Botswana to Host the 21st RUFORUM Annual General Meeting

Botswana to Host the 21st RUFORUM Annual General Meeting

June 1, 2025
Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia

Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia

May 11, 2025
RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT

RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT

May 6, 2025
EU YOUTH EMPOWERMENT PROJECT (YEP) – TOURISM AND CREATIVE INDUSTRIES LAUNCH TO CREATE JOBS FOR WOMEN AND YOUTH

EU YOUTH EMPOWERMENT PROJECT (YEP) – TOURISM AND CREATIVE INDUSTRIES LAUNCH TO CREATE JOBS FOR WOMEN AND YOUTH

February 17, 2025
GYIN Gambia and Doorways to Train 30 Youth Entrepreneurs on Personal Initiative (PI)

GYIN Gambia and Doorways to Train 30 Youth Entrepreneurs on Personal Initiative (PI)

February 14, 2025
Sunu Reew Medical Mission donates medical equipment to EFSTH

Sunu Reew Medical Mission donates medical equipment to EFSTH

February 11, 2025
COMHAFAT and COMAIP Sign Memorandum of Understanding to enhance sustainable fishing in Africa

COMHAFAT and COMAIP Sign Memorandum of Understanding to enhance sustainable fishing in Africa

February 5, 2025

Browse by Tags

AfDB Africa Agriculture Banjul business Children Climate Change Covid-19 COVID19 Development ECOWAS Education EU European Union FAO Farmers Finance Food Food Security Gambia Garden Government GYIN Gambia Health Human Rights IFAD Market Migration National Assembly Nigeria People Poultry Poverty Project Rice Rural Senegal The Gambia Trade United Nations Water Women World Bank YEP Youth

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Agriculture
  • Business
  • Crime
  • Education
  • Energy
  • Environment
  • FAO
  • Health
  • Human Rights
  • IFAD
  • Migration
  • News
  • Opinion
  • Politics
  • Press Release
  • Science/Tech
  • Security
  • Sports
  • Tourism
  • Youth

Browse by Tag

AfDB Africa Agriculture Banjul business Children Climate Change Covid-19 COVID19 Development ECOWAS Education EU European Union FAO Farmers Finance Food Food Security Gambia Garden Government GYIN Gambia Health Human Rights IFAD Market Migration National Assembly Nigeria People Poultry Poverty Project Rice Rural Senegal The Gambia Trade United Nations Water Women World Bank YEP Youth

Recent Posts

  • Botswana to Host the 21st RUFORUM Annual General Meeting
  • Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia
  • RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT
  • About
  • Contact
  • Donate/Support
  • Subscribe

Facebook Page

Facebook Page
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2020 Mansa Banko Online | Powered by Faalen Technologies.

No Result
View All Result
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism

© 2020 Mansa Banko Online | Powered by Faalen Technologies.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?